Hong's Group

Hong, 35, is a villager from the Bovel district of the Battambang province. She is married and has three children. To provide security for her family, rice cropping and paid-working jobs are the only sources of income that she has had. She has been involved in her current business for several years and it earns her about 40,000 KHR. This is not the original loan for Hong with VisionFund (Kiva’s partner). She has fully repaid back her past loan with success and it has enabled her to provide for her children's basic needs.

Now, she has teamed up, in a group of two, to get a new loan. As the leader, she will spend her entire loan portion to pay for plowing fees, to buy seeds, and to pay for labor costs. She highly hopes that she can gain a good yield, better than before.

Additional Information

About VisionFund Cambodia

VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.

Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.